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Bank of Canada Announces Unscheduled Rate Cut!

Today, in an unscheduled announcement, the Bank of Canada reduced the key interest rate to 2.25%, marking the second cut in just a month. This move comes in response to ongoing economic challenges and trade uncertainties, as the Bank aims to support growth and stability in these uncertain times.

Stay tuned for updates on how this might impact your finances and investments!

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Bank of Canada Cuts Interest Rate to 2.5% — What It Means for You

Today, September 17, 2025, the Bank of Canada announced a 25 basis point reduction in its key interest rate, bringing it to 2.5%. This marks the first rate cut since March and reflects the Bank's response to a slowing economy and easing inflation pressures.

What This Means for You:

  • Mortgage Holders: If you have a variable-rate mortgage, you may see a decrease in your monthly payments as lenders adjust their rates.

  • Borrowers: Lower interest rates can make borrowing more affordable, potentially benefiting those looking to finance major purchases or investments.

  • Economy: The rate cut aims to stimulate economic activity by encouraging spending and investment, especially in trade-sensitive sectors.

Key Takeaways:

  • Economic Slowdown: Canada’s GDP contracted by 1.6% in Q2, and over 100,000 jobs were lost in July and August, pushing the unemployment rate to 7.1%.

  • Inflation Control: Annual inflation stood at 1.9% in August, within the Bank's target range, with core inflation holding around 3%.

  • Global Factors: Ongoing U.S. tariffs and global trade uncertainties have impacted Canada's export-driven sectors.

Governor Tiff Macklem emphasized that the Bank is prepared to adjust rates further if economic conditions warrant, with the next policy meeting scheduled for October 29, 2025.

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📌 Bank of Canada holds rate at 2.75%

The Bank of Canada announced today, July 30, 2025, that it is keeping the overnight policy rate at 2.75%

Policymakers cited continued economic resilience alongside ongoing trade uncertainties, particularly related to U.S. tariffs

The Bank emphasized a data‑dependent approach going forward, hinting that rate cuts may follow later in 2025 if inflation eases or economic growth weakens

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